Volatility to continue on rate worries

US investors are split over whether August's 0.25% rise in interest rates is the last this year and over how far rates will rise in the longer term. This has led to a climate in which each piece of new economic data is anxiously scrutinised to see what effect it will have on inflation. The result has been a period of extreme stock market volatility which looks set to continue Encouragingly, we are starting to see some signs, albeit mixed, that the US economy is slowing. Some recent company survey results have indicated this process is underway. Evidence of a slowdown in housing mortgage ap...